Marking its 6th generation, the Ford Mustang is all new for 2015. It features a fresh-yet-familiar exterior design, a revamped interior, and a new engine choice in the 2.3-liter turbocharged 4-cylinder that actually makes more power than the standard V6.

In anticipation of a major redesign next year, commemorating the 50th anniversary of the iconic model, the 2014 Ford Mustang gets only some different paint colors and package contents. The Boss 302 model is dropped and the Shelby GT500's horsepower rating climbs to 662 (previously the temporary "over-rev" spec).

About Ford Mustang

After successfully reinventing its iconic Mustang last year, the 2016 Ford Mustang adds three option packages, plus the much-anticipated Mustang Shelby GT350 to the lineup, including the Shelby GT350R race car. But don't let the nostalgia-seeped styling and history fool you, as the 2016 Mustang is a thoroughly modern sports coupe, with an independent rear suspension, a choice of engines including a fuel-sipping turbocharged 4-cylinder, comfortable and upscale interior, and all the high-tech amenities and features you'd expect from a 21st-century car. But don't worry; everything that makes the Mustang coupe and Mustang convertible classics is here: a growing V8 engine, rear-wheel drive and multiple performance versions. It's more than just a competitor for the Chevrolet Camaro and Dodge Challenger; it's why those cars exist.